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Tue, 04/23/2024 - 18:56
Submitted by nhathong on Fri, 01/16/2009 - 11:38
The Ministry of Industry and Trade is coordinating with the Ministry of Finance to conduct research on establishing an export insurance fund for businesses facing difficulties.

According to Deputy Minister of Industry and Trade Bui Xuan Khu, in contrast to the previous export support fund, the insurance fund will use revenues drawn from a part of export turnover to assist businesses which are facing the risk of hitting the wall during their operations.

The export turnover in 2009 is scheduled to reach US$71.1 billion, increasing by 13 percent compared to 2008. Reflected in this figure is the vital role being played by the processing industry, accounting for 70 percent of total export turnover, equal to US$52.9 billion.

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